Survivorship Life Insurance
Survivorship life insurance, also referred to as second to die life insurance or joint life insurance, insures
the lives of two people. It is typically used by a husband a wife.
The difference between this type of policy and a traditional insurance policy, is that the death benefit is not
paid out until the death of the second insured. This is designed to assist with estate taxes, because the payment
of estate taxes can be delayed until the death of both spouses.
These types of policies are often used in estate planning as effective tools to help
protect your net worth.
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